Friday 31 July 2015
 
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VW

MAN eyes 2,000 job cuts in VW-led trucks revamp

Germany's MAN could cut as many as 2,000 jobs at its main trucks division as the Volkswagen-owned company slims operations under a wider reorganisation of production, company and union sources said. Management and union offici

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MAN eyes 2,000 job cuts in VW-led trucks revamp

Germany's MAN could cut as many as 2,000 jobs at its main trucks division as the Volkswagen-owned company slims operations under a wider reorganisation of production, company and union sources said. Management and union offici

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VW explores LeasePlan sale as part of cost cutting drive

Volkswagen is in talks to sell a 50 per cent stake in financing arm LeasePlan to a consortium including the Abu Dhabi Investment Authority, a source familiar with the plan said, as the carmaker cuts costs and refocuses its business.

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VW Mideast sees record growth in H1

Volkswagen Middle East has posted record growth in deliveries for the first half of 2013 with a 30 per cent increase across regional markets and 35 per cent growth across the AGCC, compared to the same period in 2012. The results

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VW starts new green awareness drive

Automobile giant Volkswagen said it has launched its 'Think Blue' sustainability awareness campaign with an aim to reduce the environmental impact of its automotive production by 25 per cent within the next six years. As

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Sabic to buy stake in German auto JV

Saudi Basic Industries Corporation (Sabic) said it has entered into an agreement to buy a major equity stake in Inpro, a German JV dedicated to collaborative innovation in automotive production. The other equity partners in the group

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42pc of VW’s Tiguan owners are 'adventurers'

Forty-two per cent of the owners of the Volkswagen Tiguan, a compact sports utility vehicle, are a young, professional Arab community of urban adventurers, a survey by the European carmaker said. The survey released by Volkswagen Middle Ea

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Qatar could strengthen ties to Volkswagen

Qatar, which controls 17 per cent of the votes in Volkswagen, is considering teaming up with Europe's largest carmaker for joint investments in the auto industry, according to a German magazine. 'We can help VW to expand, we could

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VW launches CC with 5-seater option

Volkswagen Middle East has launched its CC sedan with a five-seater option and R-Line version in response to strong demand from its regional customers for the four-door Volkswagen CC. The base model CC was designed to carry only four perso

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Qatar gets 10pc voting stake in Porsche

Qatar has taken a 10 per cent voting stake in Porsche Automobil Holding SE as agreed, the German automotive group said on Wednesday. It gave no financial terms for the sale, which was announced last month and gives outsiders a say at the f

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